Best Credit Card Promotion in Hong Kong 2019

Annual Interest Rate	35.52%
Principle Annual Fee	HK$1,800
Supplementary Annual Fee	N/A
Fee Waiver	Yes
Minimum Monthly Repayment	1.5% of monthly balance + fees
Interest Free Period	Up to 58 days

Local Resident	HK$240,000
Foreigner	HK$240,000

Card Association	Visa
Wireless Payment	Visa payWave

Annual Interest Rate	33.41%
Principle Annual Fee	HK$1,800
Supplementary Annual Fee	N/A
Fee Waiver	Yes
Minimum Monthly Repayment	All interest, fees, charges (including Annual Fee(s)), the total of the over-limit amount and/or the overdue amount (where applicable) that may be charged, plus 1% of outstanding principal or HKD/CNY220, whichever is higher
Interest Free Period	Up to 56 days

Local Resident	HK$96,000
Foreigner	HK$0

Card Association	Mastercard
Wireless Payment	Mastercard contactless

Annual Interest Rate	36.33%
Principle Annual Fee	HK$2,000
Supplementary Annual Fee	N/A
Fee Waiver	Yes
Minimum Monthly Repayment	Varies. For more info, view T&C
Interest Free Period	Up to 60 Days

Local Resident	HK$240,000
Foreigner	HK$240,000

Card Association	Mastercard
Wireless Payment	payWave

Annual Interest Rate	N/A
Principle Annual Fee	HK$800
Supplementary Annual Fee	N/A
Fee Waiver	Yes
Minimum Monthly Repayment	HK$50 or the aggregate amount of all the following items (whichever is higher): (i) All finance charges and other fees & charges billed; (ii) 1% of statement balance (excluding all finance charges and other fees & charges); (iii) Outstanding Minimum Payment Due (when applicable); and (iv) Total over-the-limit amount (when applicable)
Interest Free Period	53 Days

Local Resident	HK$0
Foreigner	HK$0

Card Association	Unionpay
Wireless Payment	UnionPay QuickPass, Apple Pay

Annual Interest Rate	35.52%
Principle Annual Fee	HK$1,800
Supplementary Annual Fee	N/A
Fee Waiver	Yes
Minimum Monthly Repayment	1.5% of monthly balance + fees
Interest Free Period	Up to 58 days

Local Resident	HK$240,000
Foreigner	HK$360,000

Card Association	Visa
Wireless Payment	Visa payWave

Annual Interest Rate	35.52%
Principle Annual Fee	HK$1,800
Supplementary Annual Fee	N/A
Fee Waiver	Yes
Minimum Monthly Repayment	1.5% of monthly balance + fees
Interest Free Period	Up to 58 days

Local Resident	HK$60,000
Foreigner	HK$60,000

Card Association	Visa
Wireless Payment	Visa payWave

Annual Interest Rate	34.97%
Principle Annual Fee	HK$0
Supplementary Annual Fee	N/A
Fee Waiver	Yes
Minimum Monthly Repayment	N/A
Interest Free Period	Up to 56 days

Local Resident	HK$15,000
Foreigner	HK$15,000

Card Association	MasterCard
Wireless Payment	N/A

Annual Interest Rate	31.59%
Principle Annual Fee	HK$480
Supplementary Annual Fee	N/A
Fee Waiver	Annual fee will be waived if yearly credit purchase spending reach HK$30,000
Minimum Monthly Repayment	4% of credit purchase balance and cash advance balance or HK$100 each, whichever is higher ; 80% of credit purchase balance
Interest Free Period

Local Resident	HK$0
Foreigner	HK$0

Card Association	MasterCard
Wireless Payment	Wireless payment

Annual Interest Rate	N/A
Principle Annual Fee	HK$7,800
Supplementary Annual Fee	complimentary 2 supplementary cards
Fee Waiver	No
Minimum Monthly Repayment	N/A
Interest Free Period

Local Resident	HK$1,000,000
Foreigner	HK$1,000,000

Card Association	American Express
Wireless Payment	N/A

Annual Interest Rate	N/A
Principle Annual Fee	HK$800
Supplementary Annual Fee	N/A
Fee Waiver	Yes
Minimum Monthly Repayment	HK$50 or the aggregate amount of all the following items (whichever is higher): (i) All finance charges and other fees & charges billed; (ii) 1% of statement balance (excluding all finance charges and other fees & charges); (iii) Outstanding Minimum Payment Due (when applicable); and (iv) Total over-the-limit amount (when applicable)
Interest Free Period	53 days

Local Resident	HK$0
Foreigner	HK$0

Card Association	Unionpay
Wireless Payment	UnionPay QuickPass, Apple Pay

Annual Interest Rate	33.41%
Principle Annual Fee	HK$2,000
Supplementary Annual Fee	N/A
Fee Waiver	Yes
Minimum Monthly Repayment	All interest, fees, charges (including Annual Fee(s)), the total of the over-limit amount and/or the overdue amount (where applicable) that may be charged, plus 1% of outstanding principal or HK$220, whichever is higher
Interest Free Period	Up to 56 days

Local Resident	HK$96,000
Foreigner	HK$0

Card Association	Visa
Wireless Payment	Visa PayWave

Annual Interest Rate	35.70%
Principle Annual Fee	HK$1,800
Supplementary Annual Fee	N/A
Fee Waiver	Yes
Minimum Monthly Repayment	N.A
Interest Free Period	1% of monthly balance + fees

Local Resident	HK$100,000
Foreigner	HK$100,000

Card Association	Visa
Wireless Payment	Visa Paywave

Annual Interest Rate	N/A
Principle Annual Fee	HK$800
Supplementary Annual Fee	N/A
Fee Waiver	Yes
Minimum Monthly Repayment	HK$50 or the aggregate amount of all the following items (whichever is higher): (i) All finance charges and other fees & charges billed; (ii) 1% of statement balance (excluding all finance charges and other fees & charges); (iii) Outstanding Minimum Payment Due (when applicable); and (iv) Total over-the-limit amount (when applicable)
Interest Free Period	53 days

Local Resident	HK$0
Foreigner	HK$0

Card Association	Unionpay
Wireless Payment	UnionPay QuickPass, Apple Pay

Annual Interest Rate	N/A
Principle Annual Fee	HK$800
Supplementary Annual Fee	N/A
Fee Waiver	Yes
Minimum Monthly Repayment	HK$50 or the aggregate amount of all the following items (whichever is higher): (i) All finance charges and other fees & charges billed; (ii) 1% of statement balance (excluding all finance charges and other fees & charges); (iii) Outstanding Minimum Payment Due (when applicable); and (iv) Total over-the-limit amount (when applicable)
Interest Free Period	53 Days

Local Resident	HK$0
Foreigner	HK$0

Card Association	Unionpay
Wireless Payment	UnionPay QuickPass, Apple Pay

Annual Interest Rate	35.70%
Principle Annual Fee	HK$1,800
Supplementary Annual Fee	N/A
Fee Waiver	Yes
Minimum Monthly Repayment	Varies. For more info, view T&C
Interest Free Period	Up to 60 days

Local Resident	HK$150,000
Foreigner	HK$150,000

Card Association	Visa
Wireless Payment	N.A.

Annual Interest Rate	37.68%
Principle Annual Fee	HK$980
Supplementary Annual Fee	N/A
Fee Waiver	Yes
Minimum Monthly Repayment	The highest of the following three amounts: (i) 1.5% of outstanding principal plus 100% of Finance Charges, interest, fees (including annual membership fee) and all other applicable charges; or (ii) 4% of your outstanding balance; or (iii) HK$220, plus any overdue minimum payments and any amount exceeding your credit limit.
Interest Free Period

Local Resident	HK$150,000
Foreigner	HK$150,000

Card Association	American Express
Wireless Payment	Amex Pay

Annual Interest Rate	36.33%
Principle Annual Fee	HK$1,000
Supplementary Annual Fee	N/A
Fee Waiver	Yes
Minimum Monthly Repayment	Varies. For more info, view T&C
Interest Free Period	Up to 60 days

Local Resident	HK$240,000
Foreigner	HK$240,000

Credit Card Promotions in Hong Kong 2019

Credit Card	Welcome Offers	Rewards
Citi PremierMiles Card	Up to 108,000 points (Round trip ticket to Taipei)	0.8% cashback on local spend
Standard Chartered Simply Cash Visa Card	Up to HK$2,000 cashback	1.5% cashback on local spend
WeWa UnionPay Card	Up to $500 cash rebate or enjoy discounted price for Switch combo	4% cashback on local spend
Standard Chartered Asia Miles Mastercard	Up to 40,000 miles (as low as HK$0.5 = 1 mile)	HK$4 = 1 mile
DBS Black World Mastercard	Up to 80,000 miles (as low as HK$1 = 1mile)	0.8% cashback on local spend/ HK$6 = 1 mile

Best Credit Card Promotions Hong Kong

HSBC Credit Card Promotions & Welcome Offers

From now until 19 February 2020, successfully apply for HSBC Visa Signature Card, HSBC Visa Platinum Card, HSBC Visa Gold Card, HSBC UnionPay Dual Currency Diamond Credit Card or HSBC UnionPay Dual Currency Credit Card to enjoy a first two-year annual fee waiver and an array of welcome offers which include up to HK$900 RewardCash as a welcome gift, HK$800 RewardCash as online application reward and HK$100 Reward Cash for using “Pay with RC” function successfully in the HSBC Reward+ App.

Travel promotion (Add 1 promotion for each category)

HK$100 instant discount on tour fare upon every spending of HK$10,000 for selected tour, capped at HK$1,000
10% off specified products on KKday designated website with the discount code “HSBC201910”

Hotel Promotions

Extra 7% off for hotel reservation via Agoda website
Up to 6% cash rebate on selected hotel accommodation bookings at hotel.com
9% discount on selected hotel booking at Expedia

Citibank Credit Card Promotion

From now until 28 June, successfully apply for Citi Prestige Card to enjoy up to 20,000 Miles (240,000 Points) and a set of a round-trip ticket to Taipei for successful applications for Citi PremierMiles Card. For successful applicants for Citi Cash Back Card, Citibank will give out HK$1,000 Cash Rebate as a welcome gift.

Travel promotion (Add 1 promotion for each category)

Enjoy HK$200 discount per room for air ticket + hotel package/HK$300 off Club Med Resort + Air Package at Jebsen Holidays

Hotel Promotions

Up to 7% off hotel booking at Agoda
9% discount on Expedia
Up to 6% cashback on Booking.com

DBS Credit Card Promotion

Travel promotion (Add 1 promotion for each category)

10% off on car rentals at EasyRentCars

Hotel Promotions

Up to 7% off hotel booking at Agoda
Up to 10% Cashback on booking.com

Wewa Credit Card & EarnMore Credit Card Offers

From now until 31 Aug, successfully apply for Wewa Credit Card for a set of round-trip standard seat flight tickets for one passenger from Hong Kong to Japan (Osaka or Okinawa) with HK$100 hotel voucher or HK$500 cash rebate or HK$600 Häagen-Dazs™ gift voucher EarnMore Credit Card Offers. Besides, upon successful application for EarnMore Credit Card on or before 31 Dec, the new customer can enjoy OTO Qseat or HK$600 Häagen-Dazs™ Gift Voucher or HK$500 Cash Rebate as a welcome gift.

Credit Card Welcome Gifts

Types of welcome offers

Cashback, air miles, coupons and gifts are the most common welcome offers. As for gifts, most of them are electronic devices and travel kits. For example, BEA i-Titanium Card gives you a Delsey luggage and PrimeCredit WeWa UnionPay Card gives you a Switch as a welcome offer.

Select your favourite rewards

Some credit cards are specialised in air miles or cashback, giving you a welcome offer accordingly. For example, Standard Chartered Asia Miles Card offers you up to 40,000 miles and Citi Cash Back Visa Card offers you up to HK$1,200 cashback as a welcome offer.

Extra welcome offers

Some card issuers will collaborate with personal finance websites, like MoneySmart, to launch exclusive offers. Simply apply for credit cards through those websites, you can get extra welcome offers. For example, MoneySmart gives you an extra HK$100 cashback for applying for WeWa UnionPay Card.

Other Credit Card Promotions

Hang Seng Credit Cards

From now until 31 July, successful applicants of M Power Card can enjoy up to 8 MCL movie tickets/ 365-day premium membership/ HK$500 Cash Dollars. Successfully apply for enJoy Card on or before 30 June 2019 to enjoy an array of offers including HK$3,500 designated merchants coupons/ up to HK$400 enJoy Dollars.

BOC Credit Cards

From now until 30 June 2019, successfully apply for BOC i-card to enjoy perpetual annual fee waiver and HK$500 free spending credit/HK$200 free spending credit. If cardholders bind BOCHK Card with WeChat official account and pay via contactless/mobile payment transaction, BOCHK will give out HK$200 spending credit offer/ up to HK$80,000 interest-free cash loan.

Standard Chartered Credit Cards

From now until 2 July, apply for Standard Chartered Card to enjoy 100% CashBack on any spending on eligible transactions within the first 2 months, capped at HK$1000. Successfully apply for Standard Chartered Asia Miles Mastercard on or before 2 July through online channels and meet relevant spending requirements to enjoy both the Welcome offer and the Top-up offer: up to 40,000 Asia Miles and HK$100 Cashback.

Frequently Asked Questions

Can I get my credit card welcome offer right after my application?

It depends. After applying for credit cards, you need to fulfill the spending requirements to get welcome offers. Take BOC i-card as an example, you’ll need to spend HK$8,000+ in the first 2 months of card issuance to get $500 free credit spending. Credit cards set limits to not only spending amounts but also spending categories. For example, BOC credit cards don’t count online bill payments and Octopus automatic add value service as eligible spending. Make sure you’ve read the Terms and Conditions before swiping your credit cards! But there are some credit cards that give you welcome gifts once your application is approved. DBS Eminent Visa Signature Card gives you 10% cashback for local spending in the first 2 months and up to HK$700 cashback without spending requirements.

Are welcome offers for new customers only?

Generally, yes. Most of the credit cards only prepare welcome offers for new customers, which means that you haven’t held or cancelled credit cards of your designated bank in the past 6-12 months. But some credit cards still give welcome offers to existing customers, but the value of the offer is lower than the new customers. HSBC Visa Signature Card is a good example: they offer up to HK$800 welcome gifts to new customers, but HK$500 welcome gifts for existing customers.

Is there anything I need to know while applying for welcome offer credit cards?

After getting your welcome offer, most of the banks reserve the right to charge you a handling fee and take back your welcome offer without any notice if you cancel their credit cards in 12 months of card issuance.

When will I receive my welcome offer?

If you fulfil the spending requirement, like BOC credit cards, they’ll credit the welcome offer directly to your credit card account in 4 to 6 weeks. But make sure your account is working, valid and under a good credit. For other banks, they have their own policies so it’s better for you to check the Terms and Conditions.

Do I need to consider anything else apart from welcome offers?

Yes! Welcome offers are attractive, but it’s still a one-time reward. The basic rebate rate after the introductory period should be one of your considerations. Besides that, you should find out your spending pattern. Say, dining is your main expenses, then you should pick a credit card with the most dining offers. Plus, get to know why you’re applying for a credit card, then pinpoint your expenses to get the most offers like cash back and air miles.

Can I cancel my credit card after receiving the welcome offers?

It varies from card to card. In general, if a cardholder cancels the card in less than 12 months from the date the card is issued, a fee which is equivalent to the value of the welcome offers/ administration fee will be charged.

Annual Interest Rate	36.43%
Principle Annual Fee	HK$600
Supplementary Annual Fee	N/A
Fee Waiver	Yes
Minimum Monthly Repayment	Higher of HK$50 or 1% of monthly balance + fees
Interest Free Period	56 days

Best Credit Card Promotion in Hong Kong

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Provider

Best Welcome Offers Credit Cards

Citi Cash Back Visa Card

Welcome Offers Features

Annual Interest Rate and Fees

Minimum Income Requirements

Other

Standard Chartered Asia Miles Mastercard

Welcome Offers Features

Annual Interest Rate and Fees

Minimum Income Requirements

Other

DBS Black World Mastercard

Welcome Offers Features

Annual Interest Rate and Fees

Minimum Income Requirements

Other

Popular Welcome Offers Credit Cards

WeWa UnionPay Card

Welcome Offers Features

Annual Interest Rate and Fees

Minimum Income Requirements

Other

Citi PremierMiles Card

Welcome Offers Features

Annual Interest Rate and Fees

Minimum Income Requirements

Other

Citi Rewards Visa Card

Welcome Offers Features

Annual Interest Rate and Fees

Minimum Income Requirements

Other

Hang Seng MPOWER CARD

Welcome Offers Features

Annual Interest Rate and Fees

Minimum Income Requirements

Other

AEON Card JAL

Welcome Offers Features

Annual Interest Rate and Fees

Minimum Income Requirements

Other

The Platinum Card

Welcome Offers Features

Annual Interest Rate and Fees

Minimum Income Requirements

Other

EarnMORE UnionPay Card

Welcome Offers Features

Annual Interest Rate and Fees

Minimum Income Requirements

Other

Standard Chartered Simply Cash Visa Card

Welcome Offers Features

Annual Interest Rate and Fees

Minimum Income Requirements

Other

DBS COMPASS VISA

Welcome Offers Features

Annual Interest Rate and Fees

Minimum Income Requirements

Other

EarnMORE UnionPay Card (applicable to designated Full-time University /Tertiary Students)

Welcome Offers Features

Annual Interest Rate and Fees

Minimum Income Requirements

Other

WeWa UnionPay Card (applicable to designated Full-time University /Tertiary Students)

Welcome Offers Features

Annual Interest Rate and Fees

Minimum Income Requirements

Other

DBS Eminent Visa Platinum Card

Welcome Offers Features

Annual Interest Rate and Fees

Minimum Income Requirements